Common use of Individual Permit Transfers Clause in Contracts

Individual Permit Transfers. Each Member agrees that so long as it is a party to this Agreement, such Member shall not have the authority to sell, lease or transfer the ownership of its Permit or the right to harvest any portion or all of the Permit’s individual harvest share (share) to a party that is not bound by the Agreements binding members of Sustainable Harvest Sectors I and III (SHS3) for the remainder of the fishing year in which such sale, lease or transfer is to occur, 1. shall not transfer, lease or assign any DAS allocated to its Permit by NMFS to any permit that is not enrolled in a Sector (meaning any sector, not specifically SHS1) and

Individual Permit Transfers. Each Member agrees that so long as it is a party to this Agreement, such Member shall not have the authority to sell, lease or transfer the ownership of its Permit or the right to harvest any portion or all of the Permit’s individual harvest share (share) to a party that is not bound by the Agreements binding members of Sustainable Harvest Sectors I (SHS1) and III (SHS3) for the remainder of the fishing year in which such sale, lease or transfer is to occur, 1. shall not transfer, lease or assign any DAS allocated to its Permit by NMFS to any permit that is not enrolled in a Sector (meaning any sector, not specifically SHS1SHS3) and

Individual Permit Transfers. Each Member agrees that so long as it is a party to this Agreement, such Member shall not have the authority to sell, lease or transfer the ownership of its Permit or the right to harvest any portion or all of the Permit’s individual harvest share (share) to a party that is not bound by the Agreements binding members of Sustainable Harvest Sectors I (SHS1), II (SHS2), and III (SHS3) for the remainder of the fishing year in which such sale, lease or transfer is to occur, 1. shall not transfer, lease or assign any DAS allocated to its Permit by NMFS to any permit that is not enrolled in a Sector (meaning any sector, not specifically SHS1SHS3) and

Individual Permit Transfers. Each Member agrees that so long as it is a party to this Agreement, such Member shall not have the authority to sell, lease or transfer the ownership of its Permit or the right to harvest any portion or all of the Permit’s individual harvest share (share) to a party that is not bound by the Agreements binding members of Sustainable Harvest Sectors I and III (SHS3) for the remainder of the fishing year in which such sale, lease or transfer is to occur, 1. shall not transfer, lease or assign any DAS allocated to its Permit by NMFS to any permit that is not enrolled in a Sector (meaning any sector, not specifically SHS1SHS1 or SHS3) and